Laura Strothmann has resigned from her post as associate director of the American Securitization Forum (ASF), Chairman Vernon Wright announced in the closing statements of today's 2004 Annual Meeting. Her new employer was not disclosed other than to say it was an ASF member firm. Strothmann has been with the ASF for 18 months. The ASF will be searching for a replacement. Strothmann's resignation follows the loss earlier this year of Executive Director Dwight Jenkins, a replacement for whom is also currently being sought.
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Known for subprime financing, the sponsor has been making inroads lending to near-prime customers in the last couple of years.
2h ago -
Spreads ranging from 16-18 basis points over the three-month, interpolated yield curve on the P1 (Moody's) and F1+ (Fitch) notes, to 160 to 170 over the benchmark on the class D notes.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Broken down by product type, the agency's NJCLASS Standard Fixed product should account for a large majority of the loans, 75.4%. NJCLASS Consolidation will account for the next-largest group, 14.1%.
April 24 -
Congressional Review Act resolutions are ramping up ahead of the 2024 election cycle. Experts say that, although none are likely to become law, the resolutions are still powerful messaging and political tools.
April 24 -
The notes will price against Treasurys, with spreads expected to fall between 85 and 90 basis points over the benchmark.
April 24